The USDJPY price opened today’s trading with strong negativity to touch 150.20 level and attempts to break it, to support the chances of continuing the decline in the upcoming sessions and achieve more bearish correction, noting that confirming the break will push the price towards 149.00 followed by 148.16 levels as next main targets.

The EMA50 supports the suggested bearish wave, while failing to confirm breaking 150.20 will lead the price to build bullish wave that targets visiting 152.69 areas mainly.

The expected trading range for today is between 149.40 support and 151.00 resistance

Trend forecast: Bearish

The GBPUSD price shows more bullish bias to approach our waited target at 1.2730$, and we need to monitor the price at this level, as breaching it will push the price to achieve additional gains that extend to 1.2800$ followed by 1.2866$ levels as next positive stations.

On the other hand, we should note that the consolidation of this level against the current bullish wave will push the price to rebound downwards and resume the bearish trend within the bearish channel that appears on the chart.

The expected trading range for today is between 1.2650$ support and 1.2795$ resistance

Trend forecast: Bullish

The EURUSD price begins today positively to attempt to breach 1.0563$ level, and by taking a deeper look at the chart, we find that the price completes forming inverted head and shoulders’ pattern that supports the chances of achieving more bullish correction in the upcoming period, to head towards achieving positive targets that start at 1.0634$ and extend to 1.0706$.

Therefore, we will continue to suggest the bullish trend on the intraday basis, taking into consideration that failing to confirm breaching 1.0563$ will put the price under negative pressure that targets visiting 1.0475$ before any new attempt to rise.

The expected trading range for today is between 1.0500$ support and 1.0655$ resistance

Trend forecast: Bullish

The CHFJPY price touched 38.2% Fibonacci correction level at 170.90 during the last negative attack, which forms solid support against the current trades, to form strong chance to stop losses and start the correctional bullish track again.

Stochastic reach towards the oversold areas confirms the beginning of getting rid of the negative pressures to keep waiting to gather the positive momentum soon and manage to start the bullish track to target 172.10 level first, followed by starting to press on 172.60 barrier.

The expected trading range for today is between 170.90 and 172.10

Trend forecast: Bullish